KeyCorp Reports First Quarter 2013 Net Income of $196 Million, or $.21 per Common Share

Published: April 19, 2013

Net interest income was $583 million, up $30 million, or 5.4% from first quarter of 2012 Average total loans increased to $52.6 billion, up 6.5% from first quarter of 2012 led by 16.4% growth in commercial and industrial loans Average total deposits increased to $63.6 billion, up 6.7% from first quarter of 2012 Net loan charge-offs declined 51% from one year ago to $49 million representing 38 basis points of average total loans First quarter expenses were $681 million including $15 million of charges for efficiency initiative Cash efficiency ratio improved to 66.0% from 67.7% one year ago